Growth, inflation and labour market all easing
China’s outsized property sector presents a major drag for growth in 2022.
China’s broad property sector has come under renewed focus over the past year, as the long slow collapse of major developer Evergrande highlighted imbalances in an industry that has an outsized share of the country’s economy. Chinese authorities face a delicate balancing act in managing the sector’s imbalances while attempting to minimise the impact on overall economic growth.
For further details, please see the China Economic Update (March 2022)
© National Australia Bank Limited. ABN 12 004 044 937 AFSL and Australian Credit Licence 230686.